Strategic Mortgage Underwriting Expert
1 day ago
**Job Title:** Senior Underwriter, COR Operations
About the Role:
We are seeking a highly skilled and experienced Senior Underwriter to join our team at PHH Mortgage. As a key member of our underwriting department, you will be responsible for reviewing and analyzing mortgage loan applications to ensure compliance with internal and regulatory guidelines.
About You:
To be successful in this role, you will need a strong understanding of financial and non-financial supporting documentation, income calculations, asset/liability verification, credit report review, and risk management principles. You will also have excellent communication and analytical skills, as well as the ability to work effectively in a fast-paced environment.
Responsibilities:
- Review and analyze mortgage loan applications to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines.
- Examine all required loan data, reports, and inspections to ensure collateral is acceptable to investors and the company.
- Make independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.
- Provide final approval underwriting of mortgage loans – Conventional, Correspondent, FHA, VA, Reverse.
- Complete all required paperwork and forms in a timely and accurate manner.
- Work with staff and management to find solutions on escalated loans.
Requirements:
- Bachelor's degree or equivalent of 15 years of education.
- Minimum of 5+ years of experience in Mortgage Underwriting with thorough knowledge of financial and non-financial supporting documentation, income calculations, asset/liability & appraisal verification, credit report review.
- Knowledge about risk and compliance in Lending especially the FNMA & FHLMC Underwriting standards.
What We Offer:
A competitive salary of $85,000 - $110,000 per annum, depending on experience, plus benefits package including medical, dental, and vision insurance, 401(k) matching, and paid time off.
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